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Govt to create pool of skilled drivers for road safety

Finance Minister AHM Mustafa Kamal said on Thursday steps have been taken to create a pool of skilled drivers to ensure road safety, reports UNB."Steps to build a safe, environment-friendly and modern IT-based road transport and control system are underway. We've identified 121 black spots on national highways and taken...

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President M Abdul Hamid authenticating the supplementary budget bill for 2018-19 fiscal

President M Abdul Hamid authenticating the supplementary budget bill for 2018-19 fiscal at the Jatiya Sangsad in the city on Thursday — PID

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Duty cut to push down prices of poultry, animal feeds

The country's livestock-based industries have got a benefit in the proposed budget for the fiscal year 2019-20 (FY'20) which might help reduce prices of poultry and animal feeds.Import duty and taxes on products like ammonia binder (feed grade), liver protector, renal protector, respiratory protector and vaccine stabilizer (thiosulphates) have been...

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Tk 256.16b proposed for home ministry

An amount of Tk 256.16 billion (25616 crore) has been proposed for Public Security Division and Security Services Division under the Home Ministry in the annual budget for 2019-20 fiscal year, up by Tk 8.86 billion of the previous fiscal year, reports UNB.Finance Minister AHM Mustafa Kamal made the announcement...

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FFs' state honorarium increased to Tk 12,000

The government has taken steps to increase the amount of the state honorarium for freedom fighters to Tk 12,000 from existing Tk 10,000 to ensure their overall welfare, reports UNB.While unveiling the budget of fiscal year 2019-20 in Parliament, Finance Minister AHM Mustafa Kamal proposed an allocation of Tk 4,453...

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Tk 1.0b kept aside to rehabilitate river erosion victims

For the first time, the national budget has proposed allocation of Tk1.0 billion to facilitate rehabilitation of the people affected by river erosion.Finance Minister AHM Mustafa Kamal on Thursday made the proposal in his budget speech for the fiscal year (FY) 2019-20. He said human habitations, schools and colleges, government...

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29.45pc hike in allocation for technical, madrasa edn

The government has proposed to increase allocation for the development and modernisation of technical and madrasa education by 29.45 per cent to Tk74.54 billion from Tk57.58 billion.Finance Minister AHM Mustafa Kamal in his budget speech for the fiscal year (FY) 2019-20 on Thursday said, "The government has taken numerous steps...

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Environment ministry to get Tk 14.96b

The government has allocated Tk 14.96 billion (1,496 crore) for the Ministry of Environment and Forest in the proposed budget for fiscal 2019-20, which is up by Tk 1.56 billion from the last fiscal year's revised allocation of Tk 13.40 billion, reports UNB.Finance Minister AHM Mustafa Kamal placed the new...

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WEATHER 14-6-2019

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at many places over Chattogram and Sylhet divisions, reports UNB.It may also occur at a few places over Dhaka, Mymensingh, Khulna and Barishal divisions and at one or two places over Rajshahi and Rangpur divisions in the next 24...

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Budget brings hope to capital mkt

The finance minister has proposed a set of 'incentives', including an increase in the tax-free threshold for dividend income from the listed companies, in a bid to make the country's capital market vibrant.AHM Mustafa Kamal came up with the proposals for incentives in the national budget for the upcoming fiscal...

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Tax-free income limit, corporate tax rates unchanged

AHM Mustafa Kamal has proposed keeping tax-free income limit for individuals and corporate tax rates unchanged in his maiden budget, reports bdnews24.com.In parliament on Thursday, the finance minister noted that general tax exemption threshold for income tax has been Tk 250,000 for the last few years. The ceiling has been...

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Source tax rate on yield gains from savings tools to double

The rate of source tax on yield gains from savings instruments is set to increase in the 2019-20 fiscal year (FY).The Finance Bill 2019 has proposed to raise the rate of source tax to 10 per cent from the existing 5.0 per cent. The proposal for an increase in the...

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Smartphone won’t come cheap now

FE ReportSmartphone usage is likely to be costlier as finance minister AHM Mustafa Kamal proposed 10 per cent supplementary duty (SD) from existing 5.0 per cent.This budgetary measure is likely to take effect from the upcoming fiscal year, 2019-20.Mr Kamal also proposed a further 15-per cent rise in tax on...

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RMG sector gets additional Tk 28.25b

The national budget has proposed a significant rise in the allocation for the country's readymade garment (RMG) sector, taking its contribution and potential into account. In the upcoming fiscal year 2019-20, it has proposed an additional allocation of Tk 28.25 billion for the sector which is receiving Tk 15 billion...

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18pc growth in budget size in line with trend

Rising public expenditure has been the key driver of growth in Bangladesh economy in recent years. Nearly 18 per cent growth in the size of the budget in FY20 over the revised budget of FY19 is very much in line with this trend. The main challenges for the new Finance...

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